American Century Companies Inc. Boosts Stock Position in Arhaus, Inc. $ARHS

Key Points

• American Century Companies Inc. increased its stake in Arhaus, Inc. by 17.8%, now holding approximately $10.31 million worth of shares.
• Multiple analysts have revised their price targets for Arhaus, with Stifel Nicolaus raising it to $14.00 and Morgan Stanley to $12.50, reflecting positive sentiment towards the stock.
• Arhaus reported a 15.6% year-over-year revenue increase in its latest earnings report, achieving $358.44 million while surpassing expectations.

American Century Companies Inc. boosted its stake in shares of Arhaus, Inc. (NASDAQ:ARHS - Free Report) by 17.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,184,953 shares of the company's stock after buying an additional 179,042 shares during the period. American Century Companies Inc. owned approximately 0.84% of Arhaus worth $10,309,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ARHS. Bank of America Corp DE raised its holdings in Arhaus by 1,532.9% during the 4th quarter. Bank of America Corp DE now owns 2,497,915 shares of the company's stock valued at $23,480,000 after buying an additional 2,672,239 shares during the period. Barclays PLC raised its holdings in Arhaus by 108.6% during the 4th quarter. Barclays PLC now owns 110,447 shares of the company's stock valued at $1,038,000 after buying an additional 1,391,342 shares during the period. CenterBook Partners LP raised its holdings in Arhaus by 145.8% during the 1st quarter. CenterBook Partners LP now owns 1,891,457 shares of the company's stock valued at $16,456,000 after buying an additional 1,122,004 shares during the period. Jane Street Group LLC raised its holdings in Arhaus by 808.3% during the 4th quarter. Jane Street Group LLC now owns 899,693 shares of the company's stock valued at $8,457,000 after buying an additional 1,026,710 shares during the period. Finally, Millennium Management LLC purchased a new stake in Arhaus during the 4th quarter valued at $3,563,000. Hedge funds and other institutional investors own 27.88% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Cowen reiterated a "buy" rating on shares of Arhaus in a research note on Friday, August 8th. Morgan Stanley increased their target price on Arhaus from $10.00 to $12.50 and gave the stock an "equal weight" rating in a research note on Friday, August 8th. Guggenheim reduced their target price on Arhaus from $14.00 to $12.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Loop Capital dropped their price target on Arhaus from $12.00 to $8.00 and set a "hold" rating on the stock in a research report on Friday, May 9th. Finally, Piper Sandler reaffirmed a "neutral" rating and set a $11.00 price objective (up previously from $9.00) on shares of Arhaus in a research report on Friday, August 8th. Four equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, Arhaus has a consensus rating of "Hold" and an average price target of $10.83.

Arhaus Stock Performance

NASDAQ:ARHS traded down $0.02 during trading hours on Friday, reaching $11.73. The company had a trading volume of 1,791,944 shares, compared to its average volume of 2,441,338. Arhaus, Inc. has a 1-year low of $6.61 and a 1-year high of $13.97. The firm has a market cap of $1.65 billion, a PE ratio of 23.46, a price-to-earnings-growth ratio of 6.69 and a beta of 2.56. The business's 50 day moving average price is $10.06 and its 200-day moving average price is $9.33. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.33 and a quick ratio of 0.61.

Arhaus (NASDAQ:ARHS - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.10. Arhaus had a return on equity of 20.08% and a net margin of 5.33%.The company had revenue of $358.44 million during the quarter, compared to the consensus estimate of $333.39 million. During the same period in the previous year, the company posted $0.16 earnings per share. Arhaus's revenue for the quarter was up 15.6% on a year-over-year basis. Arhaus has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Research analysts forecast that Arhaus, Inc. will post 0.46 EPS for the current year.

Arhaus Company Profile

Arhaus, Inc operates as a lifestyle brand and premium retailer in the home furnishings market in the United States. It provides merchandise assortments across various categories, including furniture, lighting, textiles, décor, and outdoor. The company's furniture products comprise bedroom, dining room, living room, and home office furnishings, which includes sofas, dining tables and chairs, accent chairs, console and coffee tables, beds, headboards, dressers, desks, bookcases, modular storage, and other items; and outdoor products, such as outdoor dining tables, chairs, chaises and other furniture, lighting, textiles, décor, umbrellas, and fire pits.